- Bank of England decreased Bank Rate by 0.25 percentage points
- HMRC will update interest rate tables to reflect the decrease
- Changes will come into effect from 12 August 2024 for quarterly instalment payments of corporation tax
- Changes will come into effect from 20 August 2024 for most other tax payments
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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